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20121129
20121207
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KPIX (CBS) 4
WJZ (CBS) 1
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
CBS
Nov 30, 2012 4:00am PST
obama for lunch at the white house. the white house says they spoke about leadership in the world and plan to stay in touch. >>> this morning much of northern california is under a flood warning as the second of three storms hits the pacific coast. the first storm hit wednesday, today's storm is expected to bring in even more severe dose of heavy rain, high winds and flooding from san francisco to the oregon border. the third storm is expected saturday night. by the time it's all over parts of the state could see up to 15 inches of rain. >>> overseas. egyptian mohamed morsi is expected to sign a new constitution today approved early this morningg by the egyptian assembly. the constitution was approved without input of liberal and. christian lawmakers and gives clerics oversight over legislation and restricts freedom of speech, women's rights and other liberties. >> secretary of state hillary clinton is critical of the overwhelming united nations vote to recognize a palestinian state. israeli prime minister benjamin netanyahu called it meaningless. the palestinians don't control th
CBS
Dec 3, 2012 4:00am PST
't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. timothy geithner was on the hill last week to present the president's plan to congress. >> i was flabbergasted. >> reporter: president obama wants $1.6 trillion in new taxes on the rich. $400 billion in cu
CBS
Dec 5, 2012 4:00am PST
brown. we begin with negotiations to avert the so-called fiscal cliff both republicans and white house hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could form the basis of a deal. the president is now talking about actually lowering the tax rate for the top 2% not now but later. and republicans are now taking some heat over their latest plan a lot of it from within their own party. >> five, four -- >> reporter: house speaker john boehner led the countdown to the lighting of the capitol hill christmas tree last night. >> one. >> reporter: but a different countdown weighs on the minds of these lawmakers, the countdown to the fiscal cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> rep
CBS
Dec 6, 2012 4:00am EST
.c., the standoff continues. house speaker john boehner says he's still waiting for president obama to make his next counteroffer to the republican plan he rejected. >> i'm going need a response from the white house. we can't sit here and negotiate with ourselves. >> the president and boehner spoke on the phone wednesday, but republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person, here on capitol hill or at the white house, there will be no deal without a compromise on taxes, something that does not appear likely any time soon. >> an obsession to raise taxes is not going to solve the problem. >> treasury secretary timothy geithner said the white house is absolutely willing to go over the fiscal cliff if the gop doesn't agree to raise taxes on the top 2% of earners. while a handful of republicans seems willing to concede that point, the party seemed unchangeable. >> speaker boehner took a position, i think the day after the campaign, that said we're willing to bring in revenue, but we're not willing to increas
Search Results 0 to 5 of about 6 (some duplicates have been removed)